Copa (NYSE:CPA) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Copa (NYSE:CPA - Free Report) from a buy rating to a hold rating in a report released on Saturday.

Separately, Cowen reiterated a "buy" rating on shares of Copa in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Copa currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.83.

Copa Trading Down 0.8%

CPA stock traded down $0.79 during trading on Friday, hitting $101.22. The company had a trading volume of 30,157 shares, compared to its average volume of 305,499. The stock has a market cap of $4.17 billion, a PE ratio of 6.95, a PEG ratio of 0.87 and a beta of 1.26. The business has a 50-day moving average of $93.03 and a 200-day moving average of $92.77. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa has a one year low of $80.01 and a one year high of $107.71.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. Copa had a net margin of 17.67% and a return on equity of 26.70%. The company had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. During the same period in the prior year, the firm posted $4.19 EPS. The company's quarterly revenue was up .6% on a year-over-year basis. Research analysts predict that Copa will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend is Friday, May 30th. Copa's dividend payout ratio is presently 43.96%.

Institutional Investors Weigh In On Copa

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Montag A & Associates Inc. bought a new position in shares of Copa during the 1st quarter worth about $30,000. Bayforest Capital Ltd acquired a new position in shares of Copa during the first quarter worth approximately $36,000. US Bancorp DE lifted its holdings in shares of Copa by 378.1% in the 1st quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after purchasing an additional 397 shares in the last quarter. Quarry LP acquired a new stake in Copa in the 1st quarter valued at $50,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Copa by 8,175.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock valued at $61,000 after purchasing an additional 654 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.